NCC Wins Rs 20.63 Billion Order For GMCH Expansion
Real Estate

NCC Wins Rs 20.63 Billion Order For GMCH Expansion

Infrastructure company NCC Ltd announced on Tuesday (25 November) that it has received a letter of acceptance from the Public Works (Health and Education) Department of Assam for the expansion and modernisation of Gauhati Medical College and Hospital in Guwahati.

The contract, awarded by a domestic entity, covers a comprehensive upgrade of the medical college and hospital infrastructure. The project is valued at Rs 20.63 billion, excluding GST.

Under the terms of the agreement, the project will be completed over 42 months. This includes six months dedicated to demolition, planning, designing and engineering, followed by 36 months for execution. Beyond construction, the contract also includes five years of operations and maintenance for civil works and related services. NCC clarified that neither its promoters nor group companies have any interest in the awarding entity, and the order falls under the standard general conditions of contract.

Separately, the company reported that quarterly revenue fell by 12.6 per cent year-on-year to Rs 45.43 billion, while EBITDA declined by 11.5 per cent to Rs 3.94 billion. The EBITDA margin edged up by 20 basis points to 8.7 per cent from 8.5 per cent a year earlier. Net profit stood at Rs 1.55 billion, a decrease of 5 per cent from Rs 1.63 billion last year.

Shares of NCC Ltd closed at Rs 173.95 on the BSE, up Rs 1.70 or 0.99 per cent.

Infrastructure company NCC Ltd announced on Tuesday (25 November) that it has received a letter of acceptance from the Public Works (Health and Education) Department of Assam for the expansion and modernisation of Gauhati Medical College and Hospital in Guwahati. The contract, awarded by a domestic entity, covers a comprehensive upgrade of the medical college and hospital infrastructure. The project is valued at Rs 20.63 billion, excluding GST. Under the terms of the agreement, the project will be completed over 42 months. This includes six months dedicated to demolition, planning, designing and engineering, followed by 36 months for execution. Beyond construction, the contract also includes five years of operations and maintenance for civil works and related services. NCC clarified that neither its promoters nor group companies have any interest in the awarding entity, and the order falls under the standard general conditions of contract. Separately, the company reported that quarterly revenue fell by 12.6 per cent year-on-year to Rs 45.43 billion, while EBITDA declined by 11.5 per cent to Rs 3.94 billion. The EBITDA margin edged up by 20 basis points to 8.7 per cent from 8.5 per cent a year earlier. Net profit stood at Rs 1.55 billion, a decrease of 5 per cent from Rs 1.63 billion last year. Shares of NCC Ltd closed at Rs 173.95 on the BSE, up Rs 1.70 or 0.99 per cent.

Next Story
Infrastructure Energy

Coal Ministry Simplifies Disposal of Washery Rejects

The Ministry of Coal has recently simplified the process for disposal of coal washery rejects to enhance ease of doing business and ensure faster utilisation, while maintaining environmental safeguards. The move aligns with the government’s Atmanirbhar Bharat vision and ongoing reform agenda in the coal sector. Under the existing policy issued on 27 May 2021, washery rejects were disposed of through a three-tier priority system. The first priority allows their use for energy extraction, in line with Solid Waste Management Rules, 2016, applicable to waste with calorific value above 1,500 kca..

Next Story
Infrastructure Urban

India, Oman Sign CEPA to Boost Trade and Services Ties

India and Oman have recently signed a Comprehensive Economic Partnership Agreement (CEPA), marking a major milestone in India’s strategic engagement with the Gulf region. The agreement was signed in the presence of Narendra Modi and Sultan Haitham bin Tarik, by Piyush Goyal and Qais bin Mohammed Al Yousef. The CEPA provides unprecedented market access for Indian goods, with Oman offering zero-duty access on 98.08 per cent of its tariff lines, covering 99.38 per cent of India’s exports by value. Major labour-intensive sectors such as textiles, leather, footwear, gems and jewellery, enginee..

Next Story
Technology

TTDF Backs 136 Telecom R&D Projects Worth Rs 5.42 Bn

The Telecom Technology Development Fund (TTDF) Scheme has recently approved 136 projects worth Rs 5.42 billion to strengthen indigenous telecom innovation across India, the government informed Parliament. The scheme focuses on bridging the digital divide by enabling development and manufacturing of advanced telecom technologies for rural and remote areas. In a written reply to the Rajya Sabha, Minister of State for Communications and Rural Development Pemmasani Chandra Sekhar said the TTDF Scheme, launched on 1 October 2022, supports IITs, NITs, MSMEs, start-ups and research institutions work..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Open In App